EUR/USD - box play setup - how to trade

FX:EURUSD   Euro / U.S. Dollar
Dear traders and followers,

welcome to todays EUR/USD market update !

Market reached today a new low and strong support at 1.2050 area. We can expect buyers entering from this level and this will move the price up to 1.20400 area. RSI is showing bullish divergence which support the current up movement.

A short term box pattern has been formed and we wait for a break out or break down to to take action on the price movement.

Entry prices, stop loss and take profits are drawn in the chart.

Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Trade closed: target reached

Money Management 📖

Trading Coaching 👑

VIP Signals group --> contact on Telegram @DannyKadiric (there are exact entries and exits posted)

free Telegram group:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.